This article is a repost of the article originally posted on the Social Times.
Techcrunch is reporting that Marc Andreessen will be joining Facebook’s board with Jim Breyer, Peter Thiel and the majority seat holder, Mark Zuckerberg. It has been rumored that Andreessen would be joining the board but now the news appears to be official.
Marc Andreessen is currently the Chairman of Ning, a competing social network platform. This new position is important because it will tip the balance of the Facebook board, adding one more person and removing Zuckerberg’s majority seat holder position. It is also an interesting position for Andreessen given that he is currently running a competing service offering.
As Mike Arrington points out though, “Andreessen is known to be a mentor to Zuckerberg, who calls on him often for personal advice.” While the news theoretically puts Zuckerberg in a minority position, Andreessen would most likely tend to side with Mark on most issues. Then again, this news may suggest that Zuckerberg realizes it is becoming time for him to reduce some of the control he has and let the company have more seasoned management.
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You wrote:"…it will tip the balance of the Facebook board, adding one more person and removing Zuckerberg’s majority seat…"Dude, it doesn't tip the board away from Zuckerberg. Zuckerberg controls that seat (and another one) and Andreessen was his hand picked board memberIt makes his position stronger as he as an ally in Andreessen and a good one.And he can fire either of the two directors whose seats he controls, and everyone knows it (not that he would, but it matters).
Comment by T — June 30, 2008 @ 6:13 am
You wrote:
"…it will tip the balance of the Facebook board, adding one more person and removing Zuckerberg’s majority seat…"
Dude, it doesn't tip the board away from Zuckerberg. Zuckerberg controls that seat (and another one) and Andreessen was his hand picked board memberIt makes his position stronger as he as an ally in Andreessen and a good one.
And he can fire either of the two directors whose seats he controls, and everyone knows it (not that he would, but it matters).
Comment by T — June 30, 2008 @ 7:13 am